St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-07
IS TO GO UP HIGHER.
A Report That Mr.. Cakes Will
Be President of the North
ern Pacific
\
And Have the General MAN.
agement OF the Whole
General System,
With the Necessary Means to
Put 1t at Once to
the Front.
The Baltimore & Ohio--Ives'
Assets and Liabilities
Railway Notes.

The contest which has been waged so
long and so vigorously, as to who should
be president of the Northern Pacific
and who should be members of the di-
rectory of the same road, will be brought
to a conclusion in a few days. The
officers of the road here in st. Paul do
not seem to be at all disturbed by the
many reports that have been published
in regard to the matter and seem to
think that everything is coming cut all
right. A gentleman who has been con-
nected with the road in various rela-
tons and who is on the most intimate
terms with Mr.. Cakes, on being asked
what was going to be the
OUTCOME OF TIE MATTER
on the 18th, replied as follows: "The
outcome of the matter will be that T. +.
Cakes will be elected president of the
road, and Will. at the same time, be
made the general manager, too.
This is, not all, either. He will
be furnished with the ''SinewS of war;
so that he can develop the road, improve
it where ii needs Improvement, furnish
it with more rolling stock and make
such improvements and changes in the
made. Of course there is no telling
what money and influence can accom-
pliSh by way OF changing proxies from
one side to another, still notwithstand-
ing all the uncertainty to be allowed for
these matters, / have no doubt the re-
suit Will be as | have stated The fact
is Mr.. Cakes will not take anything less
than the presidency. l Know. as a mat
ter of fact, that he has given the direc-
tors that as his ultimatum. He knows
his capacity. He knows what the road
needs, and knows that if it is properly
handled and taken care of it can be
made vastly superior to what it is now
or what it is likely to be as at present
handled. The president should also be
general manager. and be here in st.
Paul, on the ground. Then he will
know more about what the road needs"
subsequently the substance of the
above was stated to an officer of the
road, who replied that it was probably
pretty nearly correct, and proceeded:
Il know very we'll that Mr.. Cakes has
SAID that he would not accept anything
less than the presidency, but you know
that we sometimes deem it judicious to
modify our former statements and do
things that 1T some previous time we
declared we would not do. | can very
clear y see how Mr.. Cakes could be in
duced TO
CHANGE HIS MIND.
The directors might have a good rea-
son for keeping Mr.. Harris where he
now is. and could probably make it APP
pear to Mr.. Cakes that it would be bet
ter that there should be no change in
the presidency at present. They could
continue Mr. Cakes as vice president
and general'manager, with the promise
that next year he should be made presi-
dent. | can easily see that Mr.. Cakes
might be led to withdraw his ultimatum,
and for the sake Oftharmony and the
good of the road continue in his present
position another year. / do not know
that he would, but he. might. He has a
good deafOf influence with the board,
and they think very highly of his
ability as a railroad man. We will
know in few days now. anyway"
T. BURLINGTON e. NORTHERN.
Chicago Times.
Aestatement in regard to Burlington &
Northern is that it was the intention of
its officials when the line first entered
Minneapolis and st. Paul to bid for low
rate traffic which would give the road
earnings of about 100000 a month.
The policy of the company was. how
ever, shaped primarily by a desire to
conserve the interests of the Chicago,
burlington " Quincy With the result
that nOt as much business was done as
had been anticipated. Hereafter the
Burlington & Northern will make its
own tariff, consulting its own interests
first, and resorting to arbitration if the
parent road becomes dissatisfied. Under
the new arrangement the Burlington IL
Northern expects to gradually add to its
business and successfully meet the OPP
position of the Minnesota & Northwest
ern. The latter. it is claimed, is now
taking large share of the Chicago-St
Paul traffic on advance contracts entered
into before it put into effect its reduced
tariff. That will soon be over, and then
the Minnesota IL Northwestern will find
it difficult with the sixty-foot grades to
compete with Burlington d Northern.
Since the change in the tariff policy of
the road, operating expenses have been
reduced, so that for the latter part of the
year net earnings will be proportionately
increased, and the chances in favor of a
surplus are excellent.